Intelligence Squared

The Pandora Paper trail with Jeffrey Sachs

Oct 8, 2021
Join Jeffrey Sachs, a leading economist known for his insights on managing public funds and tackling global issues, as he delves deep into The Pandora Papers. He discusses the striking revelations of offshore accounts and tax loopholes exploited by the wealthy elite. Sachs emphasizes the urgent need for financial transparency and reform to combat economic inequality. He also critiques governmental failures in addressing poverty and climate crises, while advocating for international cooperation in creating a fairer financial system.
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INSIGHT

Pandora Papers expose designed system

  • The Pandora Papers reveal a designed system of tax havens and shell corporations used by the super-rich.
  • This system facilitates tax avoidance and evasion, hindering efforts to address poverty and suffering.
INSIGHT

Exploitation and Resistance to Reform

  • Developing nations feel exploited by multinational corporations that shift profits to tax havens.
  • The US, despite efforts to reform, faces resistance from those who benefit from the current system.
INSIGHT

US Tax System's Impact

  • The US tax system, compared to Europe, results in higher poverty and crumbling infrastructure.
  • The wealthy resist paying more taxes despite their increased share of national income.
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